Educational Loans

Kekaulike Center

‘Ilima, Rm 102

Hours of Operation
Mon to Fri
8 am – 4 pm
Phone: (808) 734-9555
Fax: (808) 734-9896

Mon to Fri
9 am – 3 pm
FA Service Window – Diamond Head end of ‘Ilima 101
Admissions & Records Service Window – ‘Ewa end of ‘Ilima 102

Closed Weekends & State Holidays

Business Office - Cashiering

‘Ilima, Rm 106
Phone: (808) 734-9524
Fax: (808) 734-9579
(please attention emails to: Kapi‘olani CC Business Office - Cashiering)


School Code:001613
Priority Application Date: March 1

Federal Direct Student Loan

Federal Direct Subsidized and Unsubsidized Loans help eligible students cover the cost of education.  Repayment begins six months after the student ceases to be enrolled at least half-time.  The interest rate on the Federal Direct loans are variable/fixed. Each year the interest rate
will be calculated based on the 10-year US Treasury Bill + 2.05% capped at 8.25%. Once calculated it will be fixed for the life of that loan.

To apply, students must file a FAFSA.  For more information, see “Loan Information – What Do I Need to Know Before I borrow?”

Federal Direct PLUS Loan (PLUS)

A federal loan for parents of dependent students. The interest rate is variable/fixed rates. Each year the index rate is determined as the “high yield of the 10-year Treasury note” auctioned at the final auction held prior to the June 1 preceding the July 1 of the year for which the rate will be effective + 4.60% capped at 8.25%. Once calculated it will be fixed for the life of that loan. Example: Effective 07/01/2014 the index rate is 2.612% + 4.60% = 7.21% and it will be fixed. Any new loans may have a different interest rate and will be fixed for the life of that loan. Repayment begins 60 days after the loan is disbursed. The student must be enrolled for at least 6 credits.

For more information, see Federal Direct PLUS Loan Program.

Alternative Loans

Alternative or Private loans are another option to consider for financing education. Alternative/Private loans are designed to help students with educational expenses that exceed other financial aid such as grants, scholarships, work-study, and federal loans. FAFSA is not required. Alternative loans are credit-based; therefore, a co-signer may be needed.

For detailed information regarding Alternative Student Loans, please contact your lender or financial institution directly.